Bitcoin Reclaims $81,000, Recovering Some CPI-Driven Losses

Bitcoin regained the $81,000 level after recovering some of the losses triggered by U.S. consumer price index data.

As of 10:24 a.m. on May 13 in South Korea, Bitcoin was trading at $81,030 on Binance's USDT market, down 0.33% from a day earlier. On Upbit's won market, it was up 0.71% at 120,051,000 won.

Major altcoins, including Ether, remained under pressure. Ether was trading at $2,290.85 on Binance's USDT market, down 1.48% from a day earlier, while XRP was at $1.4484, off 1.83%.

Earlier, the U.S. annual CPI rate for April came in at 3.8%, the highest level since 2023. The data fueled concerns that inflationary pressure is building again and weakened expectations for Federal Reserve rate cuts. New York stocks also closed lower, dampening sentiment toward risk assets including Bitcoin.